IDEAS home Printed from https://ideas.repec.org/h/pal/pmschp/978-1-137-59452-5_2.html
   My bibliography  Save this book chapter

The Operational Risk: An Overall Framework

In: Operational Risk Management in Banks

Author

Listed:
  • Giuliana Birindelli

    (“G. d’Annunzio” University of Chieti-Pescara)

  • Paola Ferretti

    (University of Pisa)

Abstract

Since the 90s, several factors (e.g., the growing size of the banks, the massive technological investments, the development of e-commerce and e-banking, the outsourcing of production processes) induced to revise operational risk managementOperational risk management (ORM) tools and to reflect on the introduction of specific regulatory requirements. Further attention towards operational risksOperational risk (OR) was brought about by the awareness of the catastrophic nature that operational risk can lead to, in some cases even compromising the survival of the financial intermediary. In this chapter we focus on the specific features of the operational risk, as well as its origin and main sources. Particular attention is also given to the similarities and differences with other risks, namely credit, market, strategic, reputational and compliance riskCompliance risk .

Suggested Citation

  • Giuliana Birindelli & Paola Ferretti, 2017. "The Operational Risk: An Overall Framework," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Operational Risk Management in Banks, chapter 0, pages 9-35, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-1-137-59452-5_2
    DOI: 10.1057/978-1-137-59452-5_2
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:pmschp:978-1-137-59452-5_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.